Press release
Helen of Troy Limited Reports Third Quarter Fiscal 2021 Results
Consolidated Net Sales Growth of 34.3%; Organic Business Net Sales Growth of 30.3% GAAP Diluted Earnings Per Share (“EPS”) of $3.34 Adjusted Diluted EPS
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nConsolidated Net Sales Growth of 34.3%; Organic Business Net Sales Growth of 30.3%\nGAAP Diluted Earnings Per Share (“EPS”) of $3.34\nAdjusted Diluted EPS Growth of 20.5% to $3.76\nInitiates Fiscal 2021 GAAP Diluted EPS Outlook of $10.29 - $10.46\nInitiates Fiscal 2021 Adjusted Diluted EPS Outlook of $11.50 - $11.70\nInitiates Fiscal 2021 Consolidated Net Sales Growth Outlook of 21.5% - 23.0%\n\n EL PASO, Texas--(BUSINESS WIRE)--\nHelen of Troy Limited (NASDAQ: HELE), designer, developer and worldwide marketer of consumer brand-name housewares, health and home and beauty products, today reported results for the three-month period ended November 30, 2020.\n\nExecutive Summary – Third Quarter of Fiscal 2021\n\n\nConsolidated net sales revenue increase of 34.3%, including:\n\n\nAn increase in Leadership Brand net sales of 33.9%\n\n\nAn increase in online channel net sales of approximately 34%\n\n\nOrganic business net sales growth of 30.3%\n\n\nCore business net sales growth of 35.2%\n\n\n\n\n\nGAAP consolidated operating income of $100.7 million, or 15.8% of net sales, compared to $79.3 million, or 16.7% of net sales, for the same period last year\n\n\n\nNon-GAAP consolidated adjusted operating income increase of 24.0% to $111.9 million, or 17.6% of net sales, compared to $90.3 million, or 19.0% of net sales, for the same period last year\n\n\n\nGAAP diluted EPS of $3.34, compared to $2.71 for the same period last year\n\n\n\nNon-GAAP adjusted diluted EPS increase of 20.5% to $3.76, compared to $3.12 for the same period last year\n\n\n\nNet cash provided by operating activities for the first nine months of the fiscal year of $249.7 million, compared to $101.4 million for the same period last year\n\n\n\nNon-GAAP free cash flow for the first nine months of the fiscal year of $230.3 million, compared to $88.2 million for the same period last year\n\n\n\nRepurchased 960,829 shares of common stock in the open market during the quarter for $191.6 million, at an average price of $199.42 per share\n\n\nJulien R. Mininberg, Chief Executive Officer, stated: “Our business delivered an exceptional third quarter in what is shaping up to be another year of outstanding results for Helen of Troy. We delivered 34.3% growth in consolidated net sales behind continued momentum across each of our business segments, our Leadership Brands, the online...